Fushun Special Steel CoSHSE:600399 -3.04%45 Gross Margin % is 0.26% as of Mar. 2026, which is 98% below its 10-year median of 14.61. GuruFocus rates SHSE:600399 with a GF Score™ of 45/100 and a GF Value™ of ¥6.51 (Possible Value Trap). The stock has 9 warning signs investors should review. Among 592 Steel companies, Fushun Special Steel Co ranks worse than 93.58% on this metric.
SHSE:600399's Gross Margin % is ranked worse than 93.58% of 592
companies
in the Steel industry
Industry Median: 12.55
vs SHSE:600399: 0.49
Fushun Special Steel Co had a gross margin of 0.26% for the quarter that ended in Mar. 2026 => No sustainable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Fushun Special Steel Co was -42.00% per year.
Fushun Special Steel Co (SHSE:600399) Gross Margin % Explanation
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
Fushun Special Steel Co had a gross margin of 0.26% for the quarter that ended in Mar. 2026 => No sustainable competitive advantage
Be Aware
If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.
Fushun Special Steel Co Gross Margin % Related Terms
Fushun Special Steel Co Gross Margin % Historical Data
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
SHSE:600399 vs NUE, STLD, RS: Gross Margin % Comparison
For the Steel subindustry, Fushun Special Steel Co's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Fushun Special Steel Co Gross Margin % vs Steel Industry
For the Steel industry and Basic Materials sector, Fushun Special Steel Co's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Fushun Special Steel Co's Gross Margin % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
Fushun Special Steel Co (SHSE:600399) has a Gross Margin % of 0.26% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Fushun Special Steel Co and its competitors. This is 98% below median its historical median of 14.61. Over the past decade, Fushun Special Steel Co's Gross Margin % has ranged from 0.49 to 21.99. According to the industry distribution chart, Fushun Special Steel Co ranks #554 out of 592 companies in the Steel industry, placing it in the top 93.6%.
Is Fushun Special Steel Co's Gross Margin % too high?
Fushun Special Steel Co's current Gross Margin % of 0.26% is 98% below median its 10-year median of 14.61. Over the past 10 years, this metric has ranged from a low of 0.49 to a high of 21.99. The Steel industry median Gross Margin % is 12.55. Fushun Special Steel Co's value of 0.26% is 97.9% below this industry median. Based on the distribution chart, Fushun Special Steel Co ranks #554 out of 592 companies in the Steel industry, which is in the bottom quartile relative to peers. Overall, Fushun Special Steel Co has a GF Score™ of 45/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Fushun Special Steel Co's Gross Margin % compare to NUE and STLD?
According to the Steel industry distribution chart, Fushun Special Steel Co ranks #554 out of 592 companies for Gross Margin %. This places Fushun Special Steel Co in the lower half of its industry. The industry median Gross Margin % is 12.55. Fushun Special Steel Co's value of 0.26% is 97.9% below this benchmark. Historically, Fushun Special Steel Co's own Gross Margin % has ranged from 0.49 to 21.99 over the past decade. While the company's 10-year median is 14.61 vs. the industry median of 12.55, Fushun Special Steel Co has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Gross Margin % for a Steel company?
The median Gross Margin % among Steel companies is 12.55, based on 592 companies in the industry. Companies in the top quartile (top 25%) have a Gross Margin % significantly above this median, while those in the bottom quartile fall well below. However, Gross Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Fushun Special Steel Co's current Gross Margin % of 0.26% is 97.9% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Gross Margin % mean?
A high Gross Margin % can signal that a stock is expensive relative to its fundamentals. Gross margin is the ratio of total gross profit to net sales. View historical data on Fushun Special Steel Co and its competitors. For the Steel industry, the median Gross Margin % is 12.55 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fushun Special Steel Co's current Gross Margin % is 0.26%, which is 98% below median its own 10-year median of 14.61. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fushun Special Steel Co stock overvalued right now?
Based on GuruFocus' analysis, Fushun Special Steel Co (SHSE:600399) is currently considered Possible Value Trap. The stock's GF Value™ is ¥6.51, compared to a current price of ¥3.83 — trading 41.2% below its estimated fair value. The current Gross Margin % is 0.26%, which is 98% below median its 10-year median of 14.61 and 97.9% below the Steel industry median of 12.55. Fushun Special Steel Co's overall GF Score™ is 45/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Gross Margin % calculated?
Gross Margin % is calculated from a company's financial statements. For Fushun Special Steel Co (SHSE:600399), the current Gross Margin % is 0.26% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Fushun Special Steel Co (SHSE:600399) Overvalued in 2026?
Based on GuruFocus' analysis, Fushun Special Steel Co stock appears to be undervalued.
The current stock price of ¥3.83 is trading 41.2% below its estimated GF Value™ of ¥6.51.
GuruFocus considers Fushun Special Steel Co to be Possible Value Trap.
Key valuation signals for SHSE:600399:
Gross Margin %: 0.26% (98% below median its 10-year median of 14.61)
GF Value™: ¥6.51 vs. price of ¥3.83 (41.2% below fair value)
Industry Position: 97.9% below the Steel median (#554 of 592)
No single metric tells the full story. See the SHSE:600399 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Fushun Special Steel Co Ltd is a China-based company engaged in the smelting and processing of special steel products and its materials. Its products include special alloys, tool steel, high strength steel, high-temperature, and corrosion-resistant alloys, titanium, and alloy structural steel. Its products are used in the aviation, aerospace, marine, nuclear, petroleum, chemical, electronics, machinery and other fields.
45GF Score
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Gross Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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